Canadian auto provide large Linamar Corp. is taking a look at methods —together with potential layoffs — to mitigate the monetary loss it expects to endure through the world outbreak of the novel coronavirus.
“Clearly the information of buyer shutdowns this week globally could have impression on the amenities supplying these clients,” CEO Linda Hasenfratz stated in an announcement.
The Detroit 3, Honda, Toyota, Nissan, Volkswagen, Subaru, Volvo and Mercedes-Benz all introduced this week they might idle manufacturing for various lengths of time as North America struggles to fight the rising pandemic.
Linamar, which is headquartered in Guelph, Ont., operates crops in 11 international locations, together with all three USMCA member nations, and counts Ford Motor Co. and Common Motors amongst its clients.
“Every facility is creating plans with their clients and speaking to their staff what this implies to them together with potential layoffs,” Hasenfratz stated.
Whereas the corporate wouldn’t affirm layoffs…